“Many fleet owners interested in natural gas conversions of their existing fleets have found it challenging to obtain traditional bank financing for alternative fuel add-on systems for their diesel trucks. We are excited that VFG has seen the value of our dual fuel technology and are willing to provide financing terms with and without a perfected security interest on the entire vehicle chassis,” said Lyle Jensen, American Power Group Corporation’s CEO.
“We believe our ability to offer fleet customers with a viable financing solution will provide them with a path to convert a larger percent of their fleet sooner rather than later,” he added.
Moreover, Bill Summers, Vice President of VFG, stated: “We believe that natural gas, as an alternative transportation fuel, is the wave of the future and have been monitoring APG’s steady progress in establishing their market leadership position in dual fuel conversions. We serve a broad customer base by providing flexible financing on most types of commercial equipment and look forward to supporting APG’s business model with multiple competitive financing solutions.”
Source: American Power Group
